Wheaton Precious Metals is one of the largest precious metal streaming companies in the world that generates its revenues primarily from the sale of gold, silver and palladium.

As of December 31, 2020, the Company has entered into 25 long-term purchase agreements with 19 different mining companies, for the purchase of precious metals and cobalt relating to 24 mining assets which are currently operating. Following the PMPAs, Wheaton acquires metal production from the counterparties for an initial upfront payment plus an additional cash payment for each ounce or pound delivered that is fixed by contract, generally at or below the prevailing market price. The company’s production profile is driven by the volume of metal production at its various mining assets.

The primary drivers of the company’s financial results are the volume of metal production at the various mines to which the PMPAs relate and the price realized by Wheaton upon the sale of the metals received.

The company offers investors leverage to increasing precious metals prices, a sustainable dividend payout as well as organic and acquisition growth opportunities.

Wheaton’s operating costs are contractually set at the time the stream is entered into, which enables investors to benefit from cost predictability and strong margin growth amid rising metal prices.

Wheaton was very active on the corporate development front in 2018. It has added two new low-cost, long-life assets to high-quality portfolio — the Voisey’s Bay mine and the Stillwater mines.